Expect the details of the latest — and possibly final — plan to keep the Phoenix Coyotes in Arizona to be released Friday.

The scheme is expected to replace one approved earlier by city fathers of Glendale, Ariz., the Phoenix suburb where the Coyotes' home arena is located. After mulling it over the weekend, the Glendale City Council could vote on the new financing package on Tuesday, the Phoenix Business Journal reports.

The NHL remains owner of the franchise nearly two years after buying it out of hock and preventing its sale via bankruptcy court to Canadian billionaire Jim Balsillie for $212.5 million.

NHL commissioner Gary Bettman remains dead set on keeping the team in the Phoenix market. Balsillie would have moved the money-bleeding franchise to Ontario.

Chicago businessman Matthew Hulsizer has the blessing of both the league and Glendale to purchase the team, but his bid was stopped by opposition from the Goldwater Institute, a conservative watchdog group that saw the scheme as an illegal use of taxpayer money. Goldwater opposed a city-approved plan to float municipal bonds to finance the deal.

This week, Glendale forked over $25 million to help cover the Coyotes' 2010-11 season losses — which it was obligated to do under its accord with the NHL. That wasn't enough to wipe away the red ink — the team lost $37 million, according to media reports.

That $25 million could wind up being part of the remade Hulsizer financing package, the Phoenix Business Journal reports.

According to the publication, Glendale will half its bond sale and rake in the commitment of $50 million from investors it has in pocket.

Goldwater cried foul at the city's original scheme to peddle $100 million on bonds and scared away potential investors with threats of a lawsuit.

Another factor, according to the Phoenix Business Journal, would be the NHL lowering its asking price for the Coyotes by $25 million.

Hulsizer's current deal with the NHL called for a sale price of $197 million. But with Goldwater's objection and recent word that the Atlanta Thrashers could be sold for $110 million, the Coyotes appear overpriced.

Other conditions believe to be in the new sale package, according to the Phoenix Business Journal:

• $70 million from Hulsizer's ownership group;

• Possibly another $37 million from Hulsizer's group (the same amount as the Coyotes losses this season);

• A remaining $25 million that could come in several forms, according to sources.

Glendale officials this week told The Arizona Republic there's still time to hammer out an agreement with Hulsizer. The city would prefer that to having Jobing.com Arena without an anchor tenant.

The city was so eager for the deal, it promised to pay Hulsizer $97 million in management fees spread over five years. That, too, drew Goldwater's ire.

Meanwhile, Bettman continues to decry any notion of the team leaving Arizona. Speaking this week in Nashville, Bettman jumped on the latest rumors of the team leaving for Winnipeg — its original home — with both feet.

“I’m not sure why these stories are starting, but I’m not going to weigh in on something that is purely speculative and made up,” Bettman said. “The fact of the matter is, we’re focused on making Phoenix work, and that’s where we’re directing our attention right now.”

The Coyotes have yet to turn a profit in the Phoenix market, and they play before one of the NHL's smallest crowds. But Phoenix remains a linchpin in Bettman's grand scheme for hockey in non-traditional Sun Belt markets.

Canadian-based True North Sports and Entertainment pitched an offer for the team last spring, with the intention of moving it to Winnipeg. The Coyotes left there in 1996 after beginning their existence in the early 1970s as the Winnipeg Jets of the WHA.

True North also appears to have eyes on the Thrashers. If True North pulls off that deal, the Thrashers would be the second NHL franchise to leave Atlanta for the western Canadian plains. The Calgary Flames landed in Alberta in 1980.

Local interest in keeping the Thrashers in Atlanta includes a group whose centerpiece is Tom Glavine, a former Atlanta Braves star pitcher and one-time prep hockey stud in his native Massachusetts.

Like the Coyotes, the Thrashers are a money pit. But Thrashers co-owner Michael Gearon Jr. told The Atlanta Journal-Constitution this week he would prefer to see the team sold to local investors and remain in town.

In both cases, desire to see the team stay has yet to be matched by cash commitment.